Re:Soti – A $1B firm built in a basement
by toomanybeersies on Monday July 10, 2017 @05:47PM
(#14739988)
Some of us have no desire to actually own a house, as far as a home goes. I'm no opposed to buying a house for investment, but have no real urge to live in my own house.
unless the difference between your rent spend and a hypothetical mortgage is well invested, you're very likely worse off renting. after all, your rent is paying someone else's investment mortgage!
Re:Soti – A $1B firm built in a basement
by AndrewUnmuted on Tuesday July 11, 2017 @09:57AM
(#14744191)
Rental life is a simpler life. It means someone else is responsible for fixing your sink when it leaks. The biggest financial risk renters take is not getting their deposit back due to necessary repairs when they vacate at the end of their lease terms.
And, from an investment point of view, maintenance may not be worth it if you believe that housing prices are too high and that a correction will be coming in the short to medium term. Why spend your own money on repairs if your house's value is going to tank in a few years anyway?
and houses in seattle are a lot 'cooler' than houses in bangalore
Not if they actually build houses with A/C in Bangalore.
(mostly joking)
Re:Soti – A $1B firm built in a basement
by livingparadox on Monday July 10, 2017 @07:34PM
(#14740515)
Does it matter if the house in seattle is cooler if you're never going to be able to buy it?
iPhones are cool, but houses are cooler.